Chxrity Registration No. 512886 MAURICE CHANDLER SVORTS CENTRE ur4AUDITED FINANCIAL STATCMINTS FOR TIIC YEAR ENDED 3 ST ARCH 2025
MAURICE CHANDLER SPORTS CEI NTRC LEGAL AND ADMINISTRATIVE INftORMATION Truslces Mr A Hodgson Mr R Seaman l.IcJth Mi. R Heath Mrs J Jeffrics Maiiageinent CommittLC Mr R Hcuih Mrs J Jeffries Mts J McGrdih Mrs J Mc(irdth Mr11 SL(Iman Heaih Mr R Payne Mrs L Ilradley Chair Vice Chaii. '] reasurer Secrelary Chai'ily Number 512886 Pi'iiicipal addi'ess Mauricc Chaiidler Sports Centre Wai'r7nl Road Stokc l.Icaih Terii Hill Mtti'kei Drayton TF92JP IndLpendenl Examiner Slubbs Parkii) Souih 28 Che8hire Strcel Mai'kcl Drayton Shro£hIre "ri.'9 IPF Bankers Nalivesi Cheshirc Sireel Market Drn)rton Shrupshire TF9 IPG
MAURICE CHANDLER SPORTS CCI NTRE CONTII NTS 'rrusteL's Report Independcnl LAanitners veport Sialeiiienl of financial activities Balan¢L sheet Noles lo the financial 8iatenienls 7- 10
Page I MAURICE CHANDLER SPORTS C.FNTRC TRUSI'ECS iir,PORT FOR THf. YEAR ENDED 31ST MARCH 2025 The Trustees present their report and finncial statements for thc year ended 31 March 2025. Tlie fiiiancial statements have bLcn prepdltd in aecoi'dancc with Ihc accounling policies set OLIt in note I to thL lin&nLial slalciiieiil5 and comply ivith Ihc Lharity's goveiming docuiiient. the Churilies Act 2011 and "Accouiiling and I'eporting by Charities= Siatemenl ol- Ilecommcndcd I'i'aelice applicablc lo charities prepai'ing thcir accounls in accordance i¥iih IhL financial Reporling Standard dpp1iLable in the utl and Republic of Ireland {I,"RS 102) (effeclive l Januaiy 2015)" Objeetives Anil Activities The Charil}' Objectivc 15 lo provide a SrKJrt8 and Lcisure Ceiilir facility ivith the object of ii)Iproving Ilie coiidilioiis of i ife for Ilie public in N(Irih Shi'opsliire. The Charity was foiined iii 1982 and is govei'ned by u constitulion and its siibsequent vai'ialions where Ihe pi-iinary objectivcs are ut)cl)anged from the original. Our niain focus thi.s yeai. contii)ues to be eslabliqhing Ihc niaximum use of our current facilitics by idLntifying and responding lo demand and this is eonfirined by the increasc in cnlraii¢e fees ii)conie by £5,000. Taking into account our price incre&8es foi. usc inlroduced in Api'il thi5 effecls d 60/0 increase iii usage. Dui'ing Ilie period undLI' r¢poi1 we conliiiue to piDvidc facilities foi. a CIyn)nasiiim,5 a-sidG I-.tball, Netball, in linc l-loekey. Badniinlon, Walking I,ooiball, Table Tennis, Rugby'l'raining and Pickleball. Junioi- Gymnastics hav¢ been introduced undcr apprpriaie supervision. Tlie succcssful use by Junior c(Ched l-ooiball is of iiole under the coach, Steve Lalley. All Juiiioi- fees for hire lll the centir al'e at a significant IllOnt level lo encouraRe junior iisc of the facility. In cxtirmc weather conditions over the winlLr local Rugby club5 hav¢ ¢onla¢lLd us lo coiiducl theii. training indoors using the Astix) Pitch. WL havL however nol alivays bccn fully able lo accommodate them but this has improved theii. ai.vai'cncss of oui. facilily. Netball continues to be well 5UPPOrt¢d. he iv¢ organise league4 with tcams compeli118 Nveekly. We open 5 days a iveek iviih on-demand weekend opening, in particular for Roller Hockey evenls. Rollei. Hockey continuc5 to be a popular event &nd scvei'ul clubs use lis as iheii. Flome Bas¢ and Hockc), League -BRHA competitions are hcld al the centre. "rimcs air set aside foi. Casual Skating and "Roller Dt5co" whicl) prove very popular. Skate hirc is available and a pool of good quality skat&8 are available. The small tlam of staff who manage the ccntre on a flexible basis should bc ci)mmended for diligence and loyalty enablin8 the centlE to acconimodale ihe iveekend rcquircmenls and ive thank Ihcm foi. theii. siipport of the Cliarily. We ivuuld a150 ihank the teams ot volunteers who Ihroughout thc ycyr r¢S)nd lo our minor maintenance deiiiand4 drouiid the cc'nlrc, 4illcvi8tiiig contractor costs. Your'fruslee5 and Management Commit*e att please lo conLlude Ihal we are nieeling the Iwuii'einenls of Charitable Obieclives Set out in oui. Coiistitulion. Futiire Objectives We remain I'esolved tu continue wilh the ain)s and objectives of Ihe cliaiily in the future. New sport aclivitics ure being constantly investigaled and Ii'ialled lo determinc if our facililTes are suitable and can be us¢d ivithout Indjor incirased capital ¢xp¢ndilure or if significunt cosl 15 required ihere are a550cialed granls. Inli'oduction of Il)ese sp.(5 will give us a broader appeal and associalcd increase of poieiitial population iyho use ihe cenliE. We are ylso lookiiiR carefully at thv inLuine from each ai'ea with a view lo balancinR the area allocalcd lo the as8ociat¢d den)<iiid. Tl)e C)Jini and Spin Bike facilily remains undci. used and there ts a reVIV of tlie Spi& ce I'equired to mainlain the facility in line iviih deinand and if ive do irduce Ihe area hoi¥ we ct)n I'Lallocale IhL space created.
Pdge 2 MAURICE CHANDLER SPORTS CENTRE TRIJSTEF.S RLPORT cor4TIJUCD roR THE I'EAR E&NDED 31s'r TrqARC.H 202S LIMlting fiactoi's We continue lo bc Lonscioiis of the ngture of the butlding iii i¥hich ive conduct our activities. in tlial il is an old Aii'field Hangei., and whilst subslaiilially buili it has needed inve5tmcnt in n)ofing and i1i8ulation ovci. Ihc rc¢¢iii years. We conslai)tly i'evieiv ihe needs of the facilily in order lo inake planned impiy)vemenls. As reported last yL41r ive i¥ei'e aivarded a Gi'anl of £98.536 froni Ihe Heart of Englai)d Cominuiiily Foundalioii which allocated froni Ilie Inclusive Communities l.und- a UK Goiieimment Coninionivealil) Games leEacy fund. Oiii. fociis fur this Eranl ivas the refui'bishmcnt of thu slriiclure of Ihe biiildiiiRS, iimproi*en)cnls lo our r)isabled Access facililics and iefurbishiiieiil & iiiiprovenients to Ilie Ladics and Gentleii)ens toilets. 'fo compleie ihese projecls ive allocated £14.000 fiDin oiir I'e8eTves, our oveillll mainlciidnce cosi8 ts11ed £125,473 Ihis year. Wc Inust thunk Ilic Ighifield Pai'ish CounLiI wllo liave once again 8UPPOrted us i¥iih a grnnl to defi'ay oui- cosis. Iheir continued support is miich appreciated. Re$oiir¢e$ expen<le(I As an ¢mployei' Ive are reqLiiicd lo coniply iviili 14MRC digiial rLPOrting of ivages, PA YE and NIC pnd Ih¢se operati011s al'e contracted out. Minimun) Wage Rates and a gradcd pdy scale are trvieived annually. The 4cale5 refl¢¢t age, ¢,xp¢rience, responsibility and inilialive. Staff I'eceivc ti'aining where required, in particular First Aid so that Ihcy ar¢ 8bl¢ to respond io the iiiinor injui'ie5 of conipeliiive sports, FlnNnclnl Revltiy The folloiving table illusli?les our summary of fui)ds. Depreciation is shown in our accounls Ixil this 18 nol niovemeiil of cash and is niainly depi'ecialion against Ihc value of the property ivhich wa5 01'iginally pui'chased at £1.00, now revalucd to rcflecl a cui'rent markel value. Foi. 2022 also thci'¢ livo sets or rigures, on¢ being adjusied lo illustrate the two granls fiDin HM Government. being COVID suppoil grants. YeAr En(1 2025 2024 2023 2022 (adjusted) 2022 {inc gi'anls) 2021 (Covid) 2020 Net Sui'plus (Deficil) -£9.B33 £5.297 -£1,164 -£261 £19,770 -£11.005 -£11 ()49 Depi'eclAtlon £12,495 £12.857 £12.626 £12.427 £12,427 £13.735 £19,112 Siirplu5 £2.662 £18,154 £11,462 £12,166 £32,197 £2,730 £7,163 Pi'operty Valiie In accoidan¢¥ with the resolution of Ihc Trustees Ihe pmperty W115 revulucd to a Market Valuation on 1st April 2020 al £350,000 i¥liich Ihcn incvrpoi'ates all Ilie Property Improvement5. thi.% has a depiEciating value rate al 2Yo per annum oil a sli'aighi-linc basis beii)g £7.000 deprcciation per year.
PaBO 3 ANDL SPORTS HF. YEAR ENDE Munbrrsliip oEthe CMitr¢ Governan 13am iy Op to Dil iAlwesktd iii thrtlktiiig tho aims of th¢ Cbatity. They¢an stand £orth¢ M&Dag¢m¢iii Committ•¢ At tho AJhnu81 G6tteial M¢eull8 aDd il És toihss C(ImJnitte¢ tknttho nwiagcmetht dectsionsar¢ d¢vdvd. It i& sfru¢tsred Trith a Chai¥. Cliair. S¢¢rnts(y. Tt¢awKT•Ad oth¢rsuoh ts10[&ry offic4rs 0d wett]b¢rs as may bed¢¢Th 4pprowith 8nd dled at ihAGM or ar¢{Y0d byth¢ cluca. Methbe&r$ of th¢ ComNittu have th¢ Qpticth of bei118appoiAtd 8sTruste48 witli AS¥Ki&tdl¢yl resp16]bIlItI#s. Ttujtees ore eLM)¢orned that Ilw trolls s¢sponsibilili¢s of beingaTrnste# li iiibibitknn8thDpublic from u10rtAklft& involv01¢llt. Wc havo rn501v¢dto ¢on1inu¢to o¥tablisi) the Clwity Clwitebl•Tn()rpurat¢d ij8anis&ti (CIO) id drnft tWsÈ doed w45 b¢i218 propued fly impietnenlalicth len Ilw Chariti comm1 pJbli¥hrAI • ftew tsiod¢l d0ment foll¢)win8 L1 option aj our do¢umentnown¢eAs furthIll$tI and r¢ision and our irJjplom¢ThI&ti d i$d•f¢rMI whilst thig r¢vi¢w tskas pl. Thii ¢han8¢ Y4ill onlyb¢ d¢thrS tha clllitig of Ill knordulary Q¢rt¢r81 M¢eti118 and will Iv0 hll publi¢ involTrrbn•nt and expl9atr( Charity LAW r•qoires tho Trn6teu to prépare fmancial for fin•A¢1 r.th1oh %iVBa lrn• •d fair vigw orth¢ stal¢ of aff8ir$ of tho charity•nd ofthb surplusor deficit ofiho ¢harityftwthat JDar. Jts préptiii8dio ruwoial BtsteJll¢tsts tkn Thist¢eA bavo.. 8¢1¢ct¢d witsbl¢ acwintingl1CIU and the• ippli•d th•th consialmtly. . mék¢ judwn¢nt$ •i)d till)at¢s Ihai &TO rolsonable pwden¢ • ¥1818 wh¥th¢r ap10&blO aiJwuntiD8 StgnJ8Td% ha b¢¢n followrf wbitto JnAtBrial thFOrtor¢s disclos atsd ¢xpl8w•d ID th• flliw)oial ststém•uts: ' prepbrndtho fin¢181 tht•mthts e lAs¢1M ba. Th¢ 8fft¢m of int¢m41 is dWId t+ provid• r¢•soJwbl4 but absolu14 A84ingt any Diatsiial wi13latpment or10&s. Th¢sg f))Jiirt4s in¢lttd8:_ * 8 8trukgi¢ pl1 9Aid fjtmuthl bud881s. &pprovvA by the Ma4agoown¢Ctyimi#¢v. re1 fM8id¢rnt1 of th¢ finunEi&l ttI)lenTI. 10 dher rKrfonnan¢o illdi¢Alorn by th¢ v•1118 ¢omMjtt • d¢l¢6Jation of thithority I¢tl0 of dutie¥. b IdtitIOn gnd mattwrA•)t of R15k Cofttrols Thern ayein Pla i 8¢rIOf Riskkn%51DThts id•ntify'll8d t&Mtrollin8 risks wxY4te41witb tho ceThI. lTh¢Jo ar# mollitor¢d by pwiodiG n)Intirs. bA¥td hi8tori¢on8ly8i¥of to¢onfirrnth4t¢4Jtmli idontifi¢d 4r¢ in pia¢¢ And tliu¥ to Diinimize riikg t&ui¢ts of tlw ¢¢utr Ay port tsf tlieso sOnI5 thryo 8T8 additio)i•l Stshilory InSptiOnSld¢rt8kty bywn¥¢¥lifjed exbrnAI fmtrnotorg, thw¢ in3sKclIs ill¢lndin8 Electsi¢al Safrty L48tonqll8 Crnttol Sit¢ aad Oprrntiuial RiskASMll Fire Pl4cONtrOl Insur#tt¢e Firxt Aid The manoReMl Comtttittoe actively r¢vi¢wthe wajorriskn & momthlybosis ill P8rtiouknr diose MlatbnR to lh¢ operatic5 ond fift¢0 of th¢ ¢lwity. a$d¢bOd bolis)vo that syiterns ar• ill pli¢¢ tomitiyt¢ tlkB oharitsls ¢wro to those TiBkJ. Inde[nd¢llt Eumlll¢r We IIAw¢xBfftined tli¢ option3 in Eespe¢t of ¢xaminoti(M dihe 8¢(wthli ryired i1¢r tbe ChntyActand ild propose to the in¢¢li118 u rooliition propoJhn8 Sttibbs Pa1 S(Krtb k r¢&ppcdthbJ ¥ ind¢pendent Gx&thin¢rof th• chlty1]I be tIO tkistbtsAnttU Qthoral m¢din& K¢port wa vcd bythe bo2rd of Trnste Mw ilidlaixl DAt¢d'. 2Q. ol. ?ci26
Page 4 JNDII PENDENT C*XAMINERS' RLPORT TO THf. TRUSTECS ON THE UNAIIDITE< D FINANCIAL SI'ATEMINTS OF MAURICE CTrIANDI,LtR SPORTS CENTRE I repoi'l ()n the accounts ol'ihe Trust for thc year ended 315t March 2025 which arc sel out on pages 5 to l O. Resi)ective Resi)onsibiliti£5 of I'ru5tees and ExRmintr "rhe ch&rily's Iruslees ai'c responsible for the preparntion ofthc uLcoui)Is. Thc charity'5 Irustees considei. that an audil is nul reqiiii'ed for this yLar undei- scLtioii 144(2) of the Chai'ities Acl 2011 and tl)411 an indepeiidenl exaniinatiui) is iieeded. 11 is my Irsponsibility lo'.- cxdniine Ilie accounts under section 145 of Ihe 201 l Acl. lolluiv ihe pi'ocedui'cs laid doivn in thc Genernl Direclions given by ihe Chai'ily Coinmissioners undei. sectiui) 145(5)(b) of thc 201 l Aci- and stale whcther particular matters have comc lo our alleiilion. B4sls of IndepcTrilent E+ xnmiTrer's Stxtenient M)1 e,iaininalion iva4 cai'riLd oiil in accoi'dancc iyilh the GLnLrnI t)irection5 given by th¢ Charit), CommissionLi¥. An exaniinalion includes a revicw ofthe accounliiig IL'cords kept by the chui'ity and a con)pai'is01) of Ilie accounts pi'esented ii'iih those records. li also includes coiisideialion of any uniisual iteiiis oi. disclosures in the accolinls, and seeking Lxplanalions fiuni you as tnislee.s concL'rning any such nialtei's. The procediiiys undei'laken do not pmvide all Ihc evidence that ivould be required in an audil, and cons¢qu¢nily opinion 15 giveii as to ivhethLI' Ihe accouiils psenl a "Irue und fair view" and the reporl is liiiiitLd lo those Inalle13 Sct out in the slaleinLni beloiv. Independent Li XRiiiinei"s StteIent In conneclion wilh iii}' Lxdminalion, no matcrial malteis havc come to my altcntion which gives mo cause lo bclicvv thal in an}, malLrial respect.. the accounling records werc noi kepl in accordance wilh section 130 of Ihe Charities Act. or the accoun15 did not ac¢ord Nviih ihe accounting records. or Ihc aLL'ounls did not comply Nvith the applicable requiremcnts ¢on¢erning the form and coiilent of tl)e accounts sel out in Ihc Chai'ilies {Accounls and R¢port5) Ilegulalions 2008 othei. Ihan any reqliii'enienl that thc accounts give a 'lrue and fair" vi¢w which is nol a maiiei. coi)8idei'ed as part of an independent cxaiJ)ination. I l)ave come aLross no other mallers in conncciion with ihe examinalion lo ivliich atlention should be draivn in Il)is I'eport in 'der to enable a proper UndStanding of the accounts lo be reached. Mr$ Deborah J Kelsill fiCA STUBBS PARKIN SOUTH CIIARTII RED ACCOUNTANTS 28 CHESHIRE STREET MARKET DRAYTON SHROPSHIRE Date: ??.01.2
Page S MAURICE CHANDLER SPORTS CENTRC UNAIIDITED STATEME4 NT OF fiNANCIAL ACI'IVITICS INCLUDING INCOM£ & EXPENI)I'fuRC ACCOUNT FOR T14C YEAR ENDED 31ST MARCH 2025 2025 2025 Unve5ti'icted Resti'icted funds fun(Is 2025 2024 I'otal Total Nol¢ Iii¢Jming I'esoiiites Enlt'y fccs, doi)alions and similJr inconiing IE8oui'ccs InconiL Iroiii activities in furtherance of cliai'itable objects Inves¢nient iiiconie All(1 Interest Bank inlei'est rcctyived 137.330 137,330 120,330 98,636 98.63(1 1,480 1.480 806 Total Incoming i'esoyrces 237 446 237.446 121 136 Resoui'ces expendcd C.'hai'ilahlc cxpciidiliire Sport5 centre maintenance Mandgemenl and admiilistration expenses Oihei. e.xpcn5eS 78,028 140,271 10.601 5.¥84 78.028 140,271 10,601 5,884 C?6,1I84 18.837 10.373 6,888 TotAI I'esoui'ces expendeil bcfore ileprecialioji 234,784 234.784 102,982 Net sui'plus for Ihe yeai. bclore depreciation 2.662 Depi'cciatio 12.495 12,495 12,857 N¢t in¢onilng i'esoui'ce5 Nel (deficit)Isui'plus foi. the yelly after deprcciation (9,833) {9,833) 5,297 Gain on Ilie revaluation of fixed assets Ti?nsfci's beliveei) fuiid5 Net moveilleTht in funds (9,1133) (9,833) 5,297 IUND BALANCES BROUGHT FORWARD 420,889 420,889 415,592 FUND BALANCLI S CARRICD FORWARD 411056 411056 420 88() The aiillexed n4)tes fonp pal't of tliese 5tAtements
Pag¢ 6 U S CL(Trrr UDITED BA Is'r 20ZS 2112S 2Q2S Unr•5kn4eted Rostrltte funds 20 I'otal Plole nsstts Tangble 337 704 337 704 337 704 33'1.104 346 502 346,502 Cui'vent i&sol$ N4hvcst- reservo acCt NaliNrst- reserv¢ P#ttyoo8 Val accthiiit Oth#r d¥bts)Is 80,153 49 395 80.153 49 395 78,931 321 477 79.731 82.568 82.568 Cluiyiit Ilthbilfities A¢GTuo15 Vol th(jJillI Crnditrtrrs 2.727 1.953 2.727 1,953 2,631 1.046 9.215 9,215 5.344 N•¢ euri'ent V35ets NET A&SkTS 411057 411057 420 889 411056 420 889 Tbo FinursciDI Slottsmellts 4pwoved by 1hoTn18t¢o8 x?XXXxL ON BFHALF OFTHE TRUSTEES vd Htth¢h Ch8lrm8n
MAURICE CHANDLER SPORTS CENTRE NOTES TO Tllb IIN.IUDITED FINANCIAL STATE111 N'fs FOR TIIE YIAIi ENDED 31ST MARCII 202$ l Accoiinting Policies These accounls hav¢ been preparcd under the hi5toi.ic cost convenlion as modified by il)e I'evaluation ol'cei'lain financial as5els nieasured at valuation. wilh items recognised al $t or IransaLlioii iialue unless oihciiyise slated ii) Ihc rclevanl noles lo these financial slatemenls. 'I'hcse aLcoLints have been prepared in accordance willi ihe Statement of Reconiniended Practicc Acci)unling and Ilcporting hy Charilies preparing tlieir accounls in accordance iviih thc Finai)eial liupoiting Siaiidard appliLablc in the IJK and R¢public of Ireland (I-.IIS 102) issued in ()ctobLr 2019. Ilecognilion of income These are includcd ii) Ilie Statemcnt of financial ActivitiL'S (SOFA) wheii the chui'ily becoiii&s nlillLd 10 the I'esourcc¥ it is iiiore likely tliaii iiot ihe Iiwslees will r¢1ve the res()urces and Ihe liioiietY vulue can be measured will) suificient rcliabilily. OfCsettlllE There has been no offselliiig of assets and liabilili&8 or income and expense5. unl¢ss rcquired or pei'mittcd by the FR8 102 SOKP. Tax i'ecloiills on donations anil gifis Cjift Aid receivable is included in illcome ivhen Ihere is a valid declaration fil] thL donoi.. Anji Gift Aid amount recovered on a donalion is considered lo be pai't of that gift and is ti'eated as ai) addilion to the same fund as the iiiilial don&lion ut)less thc donoi. or the ternis of the appcal have specified othei'wise. Gr*nts and (IoiiAlion5 Gran15 and dortalions are only included in the sofA ivhen the gencrnl incoine recognition ci'itci'ia are Inet (5,10 to 5. 12 FRS 102 SORP). Govei'nment gi'Rnts 'rhL charity has I'eceivcd government w'ants in Lhe year and Ihcy are included in the SOI",A when Ihe geneiRI inLoine recognition critcria air Inel (5.10 10 5.12 FRS 10? SORP). Coiitr&ctual intome This is only included in the SOFA on. the charit), has provided Ihe related goods . services, Donated %oods Dondted goods are mc4lSUI'ed ai fair valuc (Ihe 8moui)t for wl)ich the assel could be exchanged) unless iiiipracticable lo do so. Goods donaied for oii-going use by Ihe charity. urc recognisd &8 langiblc fi.xed assels and includcd in the S()FA As incoming Irsources whcn receivable. Support eosts 'I"he chai'ily lias incurred L'xpendilure on support Costs. Volunteej. help The value of any volunteer help Irceiiped 18 not included in the accounts bul is described in th¢ Triislees aiinual reporl wl)er¢ appmpi'iate. Jnconie fi'oni ineiiibership And enti'y fees Inconie fi'om Ineml)ei3hip and enlry fees 15 recogiiised as incume eamed froni the provision ofgoods and 5L'I'Vi¢C5 as in¢onie from cnlry fee5. donation5 and siinilai. inconic. No matei'ial ileni of defetTed iiicoinc hds been includcd in the accounts. RediiiidThiicy Reduiidanc}r is IE¢ogniscd as an Lxpensc in the Siatemeiit of financial Activities and a liability oli the Bdldiice Shel't iininediately at tlie poinl Maurice Chandler %ports Ccntie is deinc)nstrably coinniiltcd lo either.. terniinale the employmenl oran employee or group of employec5. Ci'editoj's The cliarity h&s creditors which are meusured at settlemcnt amounts less any li'ade discoiinLs. Basie fiiiAnciAI insti'uments The cliarily rficcounls foi. basic financial instruments on initial recognition as pci. P4lragraph l 0.7 FRS 102 SOIiP.
l)dge 8 MAURicf CHANDLCR SPORTS CENTRE NOTES TO TIIE U.N,iur)ITfi.D FINANCIAI, STATF,MLNiS foR'I"HC YEAR ENDII'D 31S'I" MARC.H 2025 Tangible fixed assets for use by tlie cliai'lty 'lThesc ure initially capilalised iFihey Can bL' uscd for Inoty iliai) one year and c05t at least £lOO. I'he propci'ly is catTi¢d at a I'evalued amount as al i)iarket value al the dale of revaluation less any siibsequenl accumulalcd deprecialion and subsequeiit accumulated inipairmeni losses. An inLI'easc it] the carr)iji)g amoiint nf any assct as a Itsiili of I'eiialiiThiioi). is recognised iii the 18leinenl of financial ALlivilies in reseives. except to ilie extcnl it rcverbes a revalualioii dcLI'LdSL' of Ihe saine asset pi'eviously rccognised in tlie Sialement of Financial Aclivilics tt5 a profit oi. loss. A decirase in Ili¥ varying amounl ordn ¥SSL't ds a rLsuli of a rcvalualion is I'Lcognised in the Sialenient of Findiicial Aclivilies lo the extent of gnj, previoiisly rcLognisul I'evalualioii inci'¢asc aCLun)ulaled iii reserves in rcspect of11)ut asscl. Where a revalualion deLI'ease exceeds the aecunlulaled revaliialion gains accuniulaled in reserves in respect of iliat asset, the exccss shall be recognised in the Siatcnicnt of finan¢ial Activities, Depi'cciution ralLs al'e as follows". Depi'ecialion is PtDvidcd at rdlcs calculated lo write off Ihc cost or rcvalualion less residual valuc of cach as5el over ils e.xpected uscful life, as follows: PI'opLi*y iinprovement Sports equipnient 2 % slraiglii line basis 20Yo reducii)g lYalJn¢c b35iS 2 Enti'y fees, doiiailons And slnillRr incoming resources 2025 Unreslricted Resti'icted 2025 Total 2024 TotAI Lntry fecs Sale ofi'efreshmenls Donations Surtdry income 100,182 15.622 9.846 100,182 15,622 9,846 94.918 13,212 9,450 137,330 137,330 120.330 3 Incoime from Activities in furlli¢rAnee of ehiritable objcctives 2025 2025 Uiir¢slri¢t¢d Res¢rleted 202S Total 2024 TolAI Liranls Advei'lising boai'ds 98,636 98,636 98,636 4 ClIRritAbl¢ expenditui 2025 2025 Uni'estrieted Resli'lcted 2025 TotAI 2024 TotAI Wages 8nd IEdundancy paymenls PurchdSL of YLfi'eshmenls 69.368 8,660 78,028 69,368 60,072 5 Sporls centrc iiiHiDtenAnce 2025 2025 Ulli'esti'ieted Resti'lcted 2025 Total 2024 TolAI Sports cLntrb' Irpairs and mgintenance Sports cenli'e heal and 1]t Sports cenlrc water rates 125,473 13,354 1.444 140271 125.473 13,354 12,766 4,967 140271
Pagc 9 MAURICE CHANDLER SPORTS CFNI'RYI NOTCI S TO'fHF UYALIDITED FINANCIAL STATEI ftrlEINTS f4OR TIIE YEAR ENDLI) 31ST MARCH 2025 6 Miinagement an(1 administra¢ion expenses 2025 2025 Unrestrict1 Resti'icted 2025 Total 2024 Insurance Telei)l)one ALLouniancy and legal fees Bank chai'ge5 7.757 1,166 1.315 363 10,601 7.757 1.166 1.315 7,859 907 ,250 357 10()01 7 Other exyenses 202.$ 2025 Unresti'icted Re5tJ'icle(I 2025 Total 2024 Total Sundry expense.8 Pailial L.xcinpt V AT disallowed 6.098 214 5,884 6,098 1214) 4,776 8 Tanglble fixed assets Property Spoi't5 iinprovenieii¢s eqiiipnieiil (Revaluation) {C05t) To¢AI COSTIREVALUATION: At as 31 st March 2024 Addilions At as 3 Isl March 2025 350.000 157,254 507,254 3,697 510()51 350 000 l(>0,951 Dtpi'¢¢i&ti(Jn: Al as 3 Isl MuiL'h 2024 Cl)ai'ge for tlie year At as 3 1st March 2025 28.000 7,OUO 132,752 160.752 12,495 173 247 138 247 Net Book VAlue: Ai as 31 si March 2025 315.000 337,71M Al as 3 1st Mai'ch 2024 322,000 346 502 The Sports Centre Nvas revalued at market value on 21 January 2020 by Independent RICS Registei'ed Valuer. This vulualion wa5 included in the Finaiicial Siatcinei)ts in the year ended 31 Mairh 2022. "rhc valuation iv&5 at niarket valued subject lo lh¢ operational lease5 in place and ivas for £350,000. Y AnHlysis of fuiids 2025 2024 Resti'xcte(I funds l)pening funds Used in year Addcd in yui. Closing funds Unresti'icled funds Openin8 funds (UsLd) / added iii year Closing fi]nds 166,933 9,833 157,100 161,636 5,297 166933 RevRluation re5erYe funds Opeiiing and closing flind5 253 956 253,956 'rotal fiin(I 411056 420.889
Page 111 MAURiCf CHANDLER SPORTS CENTRE NO'fLS TO TIIE U,NAUDITED fiNANI'CJAL STATIMII N1'S FOR TIIE YEAR ENDED 31ST MARCH 2025 In respect of the propei'ly held at valualion. Ihe cost, dcpreciation and coniwai'able carijiing aniount that would have been reLognised if the assct had been can'icd uiider the hi.%lorical cosl niodel 18 as fulloivs:. Propei'ty As at 31 Mai'eh 2025 Cost Aggi'cgalL depre¢ialion Cari'yiiig amount 213,876 {171,302 42,574 As at 31 IVAai'eh 2024 Lost Aggiegalc deprecialion Cari'ying dmounl 213,876 1160 608) 53.268